Rapid Fibonacci Forex Scalper

The Rapid Fibonacci Forex Scalper adds BUY/SELL scalper and Fibonacci display to identify the current trend’s strength. This guide will mention the system and how you can trade it.

What is the Rapid Fibonacci Forex Scalper?

The Rapid Fibonacci Forex Scalper utilizes Fibonacci levels to identify potential buying and selling opportunities. The system comprises the Fibonacci Analysis window and the Fibonacci Buy/Sell scalper.

The Fibonacci Analysis window is the first component of the system and features several elements. These include;

  • Fibonacci Algo: It displays a bullish or bearish bar according to the current trend.
  • Analysis: It mentions the Buy or Sell signal.
  • MTF Trend Power: It shows the trend power on the following timeframes. For instance, if you have selected the H1 timeframe, it’ll show H4 and D1 trend power.
  • Current Price: It displays the current price.
  • Current Candle: It shows the strength of the current candlestick.

Fibonacci’s Buy/Sell scalper displays the blue and pink lines and arrows. The blue arrow and the line show a bullish momentum, while the pink arrow and lines present a bearish momentum.

Rapid Fibonacci Forex Scalper
Rapid Fibonacci Forex Scalper

Rapid Fibonacci Forex Scalper Strategy

The Rapid Fibonacci Forex Scalper strategy is based on a simple rule: a blue arrow represents a buy signal, while a pink arrow represents a sell signal.

You need confirmation from the Fibonacci Analysis window and the Fibonacci Scalper indicator to enter a trade.

For a buy signal, the Fibonacci Analysis window must display “Buy Only,” and the Fibonacci Scalper indicator should draw a blue buy arrow on the chart. Conversely, for a sell signal, the Fibonacci Analysis window must display “Sell Only,” and the Fibonacci Scalper indicator should draw a pink sell arrow on the chart.

The Rapid Fibonacci Forex Scalper can be used on all timeframes. However, the indicator may work better on shorter timeframes, as it is a scalping indicator.

Buy Signal

  • The Fibonacci Scalper indicator should draw a blue arrow.
  • The Fibonacci Analysis window must display Buy Only.
  • Wait for the price to go upwards and then enter the trade.
  • Place a stop-loss at the recent low.
  • Exit the trade when the pink arrow appears, or the Fibonacci Analysis window shows a bearish momentum.
Rapid Fibonacci Forex Scalper buy signals
Rapid Fibonacci Forex Scalper buy signals

Sell Signal

  • The Fibonacci Scalper indicator should draw a pink arrow.
  • The Fibonacci Analysis window must display Sell Only.
  • Wait for the price to go downwards and then enter the trade.
  • Place a stop-loss at the recent high.
  • Exit the trade when the blue arrow appears, or the Fibonacci Analysis window shows a bullish momentum.
Rapid Fibonacci Forex Scalper sell signals
Rapid Fibonacci Forex Scalper sell signals

Rapid Fibonacci Forex Scalper Pros & Cons

Pros

  • The Rapid Fibonacci Forex Scalper system is easy to understand and use.
  • The blue and pink arrows make spotting potential buying and selling opportunities easy.
  • The MTF Trend Power feature lets you view trend power on different timeframes.

Cons

  • The system may not work well in volatile markets.

Conclusion

The Rapid Fibonacci Forex Scalper system comprises the Fibonacci display and the Fibonacci Buy/Sell scalper. You can identify the potential trends and buy/sell signals from these.

Free Forex Robot